DALLAS-PageMart Wireless Inc.’s second-quarter earnings results showed a net loss of $25.3 million, or 63 cents per share, compared with $11.7 million, or 29 cents per share for the second quarter last year.
The company added 59,300 subscribers during the quarter, 20,157 of which were new advanced messaging units.
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Revenues totaled $84 million, compared with $76.7 million generated in the second quarter of last year, and operating cash flow was $10.5 million, down from $11.9 million the previous second quarter, which PageMart said was $1.7 million short of reaching positive free cash flow. Capital expenditures totaled $12.2 million.
